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Phishing is the fraudulent act of acquiring private and sensitive information, such as credit card numbers, personal identification, and account usernames and passwords. Using a complex set of social engineering techniques and computer programming expertise, phishing websites lure email recipients and Web users into believing that a spoofed website is legitimate and genuine. In actuality, the phishing victim later discovers his personal identity and other vital information have been stolen and exposed.

Source: https://www.techopedia.com/definition/4049/phishing